NU (NYSE:NU) Trading Up 1.5% – Here’s Why

Nu Holdings Ltd. (NYSE:NU)’s stock price shot up 1.5% on Monday . The stock traded as high as $12.30 and last traded at $12.21. 7,195,833 shares changed hands during trading, a decline of 78% from the average session volume of 33,296,523 shares. The stock had previously closed at $12.03.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NU. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Bank of America increased their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. boosted their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. KeyCorp increased their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.63.

NU Price Performance

The stock has a market capitalization of $57.76 billion, a PE ratio of 33.92, a P/E/G ratio of 0.58 and a beta of 0.99. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average is $14.04 and its 200 day moving average is $13.38.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NU. Franklin Resources Inc. increased its holdings in shares of NU by 5.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock valued at $74,288,000 after acquiring an additional 271,903 shares during the last quarter. Tidal Investments LLC boosted its position in NU by 25.1% during the third quarter. Tidal Investments LLC now owns 2,312,956 shares of the company’s stock worth $31,572,000 after purchasing an additional 463,866 shares during the period. Blankinship & Foster LLC acquired a new stake in shares of NU in the third quarter worth $3,212,000. Wilmington Savings Fund Society FSB bought a new stake in shares of NU during the 3rd quarter worth $148,000. Finally, Morse Asset Management Inc grew its stake in NU by 71.1% in the 3rd quarter. Morse Asset Management Inc now owns 58,786 shares of the company’s stock valued at $802,000 after buying an additional 24,436 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.